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20181011 IMF MD PRESSER

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DESCRIPTION

SHOTLIST

Nusa Dua, Bali, Indonesia – October 11, 2018

1. Wide IMF Managing Director Christine Lagarde greeting journalists with First Deputy Managing Director David Lipton and Communications Department Director Gerry Rice 2.Wide journalists3. SOUNDBITE: (English) Christine Lagarde, Managing Director of the International Monetary Fund“To achieve these goals, we need a stronger international cooperation as well. I am going to quote Balinese again, and I will promise to translate this time. Menyama braya, which means that everyone is a brother or a sister of the other. So, we are all joining hands and we are on that same boat, which should be steered and not drift.”4. Mid journalist asking question5. SOUNDBITE: (English) Christine Lagarde, Managing Director of the International Monetary Fund“The real question is, is the economy strong enough? And to that, our answer is probably not enough. Because, we clearly see that growth has plateaued if three years in a row it is at 3.7 percent and we also see that that growth is more unevenly allocated around the world. Moreover, some of the risks that we have highlighted, particularly at our Spring Meeting in April have now begun to materialize, especially from rising trade barriers. And if these tensions were to escalate, the global economy would take a significant hit. So, our strong recommendation is to de-escalate those tensions and work toward a global trade system that is stronger. That is fairer. And, that is fit for purpose.”6. Mid journalists7. SOUNDBITE: (English) Christine Lagarde, Managing Director of the International Monetary Fund“I am assuming there might be a program request on their part, but that has not been discussed and we will explore that this afternoon. Second point, the IMF is available to its entire membership. We have 189 members and we have to serve the entire membership and each and every one of them. Third point, in whatever work we do, we need to have a complete understanding and absolute transparency about the nature, size, terms of the debt that is bearing on a particular country.”8. Wide IMF officials at end of briefing